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Author Topic: 4xlounge.com  (Read 2968 times)

Offline jgadefelth

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4xlounge.com
« on: January 14, 2013, 11:21:00 PM »
have anyone tryed this signals they have scalp  signal and round table signals


http://4xlounge.com/4xlounge-pro-signals/round-table-live-scalping-trade-signals/

Best regards

Offline supern0va3000

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Re: 4xlounge.com
« Reply #1 on: January 30, 2013, 11:31:09 AM »
I have tried them , Their signals performance is very bad...

See their myfxbook account running for more than 6 months now ,
http://www.myfxbook.com/members/4Xlounge/4xlounge-round-table/372945

Struggling to be break-even...

I am very disappointed with their performance , the way they describe the service is that a trade happens when a whole team agrees on it.. but they lose more than they make...
My current EA Setups :
Kangaroo7.5+Robin2.21+WSFR3.9(EUR33)+RayScalper2(CNS VPS)
Testing:some signal services,will update if successfull>6month
Stopped:Hacked/Envy,HappyForex,Erio's,Breakout Edge,HyperEApro,Pipjet,MDP,ACTraderScalper
,CypherFX(bugged),StatArbPro,TrendScalper,Thor,Shark,Trend Fast+Windfall+Trade Machine+FxCapitalist
Watching:Synergy,H-E Spider

Offline jgadefelth

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Re: 4xlounge.com
« Reply #2 on: January 30, 2013, 02:11:26 PM »
I have tried them , Their signals performance is very bad...

See their myfxbook account running for more than 6 months now ,
http://www.myfxbook.com/members/4Xlounge/4xlounge-round-table/372945

Struggling to be break-even...

I am very disappointed with their performance , the way they describe the service is that a trade happens when a whole team agrees on it.. but they lose more than they make...


Thanks for the info.  Is that regarding all their signals  if i understand it right they have several services including a scalp signal    ?


Best regards

Offline supern0va3000

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Re: 4xlounge.com
« Reply #3 on: January 30, 2013, 05:39:00 PM »
I have tried them , Their signals performance is very bad...

See their myfxbook account running for more than 6 months now ,
http://www.myfxbook.com/members/4Xlounge/4xlounge-round-table/372945

Struggling to be break-even...

I am very disappointed with their performance , the way they describe the service is that a trade happens when a whole team agrees on it.. but they lose more than they make...


Thanks for the info.  Is that regarding all their signals  if i understand it right they have several services including a scalp signal    ?


Best regards

They only provide signals for "round table" , which is intra-day scalping or swing trades.
They stopped the scalping signals because they said that the round table signals is "better" !! with much "lower" drawdown !!
My current EA Setups :
Kangaroo7.5+Robin2.21+WSFR3.9(EUR33)+RayScalper2(CNS VPS)
Testing:some signal services,will update if successfull>6month
Stopped:Hacked/Envy,HappyForex,Erio's,Breakout Edge,HyperEApro,Pipjet,MDP,ACTraderScalper
,CypherFX(bugged),StatArbPro,TrendScalper,Thor,Shark,Trend Fast+Windfall+Trade Machine+FxCapitalist
Watching:Synergy,H-E Spider

Offline jgadefelth

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Re: 4xlounge.com
« Reply #4 on: January 31, 2013, 05:38:11 AM »
Thanks for the info verry helpfull. Now i can take them away from my list of potensial signal providers.

Best regards

Offline supern0va3000

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Re: 4xlounge.com
« Reply #5 on: February 01, 2013, 12:51:25 PM »
The following email was sent to members 2 weeks ago , they advised to double lot size to recover the losses.

The day that was posted  , they were at 23.39% drawdown.

Today , DD is 35.92%

The difference is 12.53% (If I calculate correctly , members who doubled the lost size should also have double the difference in DD , which is 25.06%)

So members would be at 48.45 % DD now , meaning you need to double your account just to be BREAK-EVEN !!!!!!!!!!!

I really really don't understand why they insist on entering the market with losing strategy in current market conditions (their main strategy is counter-trend in a strong trend market)
Also they add losing position to ones that hit SL (which equals widening the stop IMO)

BAD!


Trading Performance (Please read)

Posted on Jan 18, 2013 in Pro Membership Updates, Round Table Updates   

Hello all,

After last nights draw-down, we are taking some extra measures to re-coop. We are recommending the following:

* Use 2x the normal lot size (i.e. 20k lots per $2500 in your account instead of the normal 10K lots).
* We will NOT have more than 2 live trades at any time.
* We will NOT use a stop larger than 30 pips on any trade.

Use 2x the normal lot size (i.e. 20k lots per $2500 in your account instead of the normal 10K lots).

This may limit the total number to trade signals sent, but our over-all winning % should go up and our recovery will happened twice as fast. This change will take effect as of 11pm EST Jan 17, 2013. We will move our recommended lot size back after a few weeks of trading. We will send an email if further updates are needed.
My current EA Setups :
Kangaroo7.5+Robin2.21+WSFR3.9(EUR33)+RayScalper2(CNS VPS)
Testing:some signal services,will update if successfull>6month
Stopped:Hacked/Envy,HappyForex,Erio's,Breakout Edge,HyperEApro,Pipjet,MDP,ACTraderScalper
,CypherFX(bugged),StatArbPro,TrendScalper,Thor,Shark,Trend Fast+Windfall+Trade Machine+FxCapitalist
Watching:Synergy,H-E Spider

Offline mt4fx

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Re: 4xlounge.com
« Reply #6 on: April 05, 2013, 04:08:09 PM »
4xlounge just wiped my account by continually shorting the GJ since yesterday with multiple positions (way out of character), and ended in an eventual loss of 2200 pips. They suggest 0.1 lots per $2500, so that's 88% drawdown!! And an account blow up for me. Stay away from fxprosignals too, they offer the same losing strategy. What's frustrating me to hell is that I watched it unfold and did nothing.
« Last Edit: April 05, 2013, 04:10:08 PM by DamBuster »

Offline Bigsteve

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Re: 4xlounge.com
« Reply #7 on: April 06, 2013, 02:36:44 AM »
4xlounge just wiped my account by continually shorting the GJ since yesterday with multiple positions (way out of character), and ended in an eventual loss of 2200 pips. They suggest 0.1 lots per $2500, so that's 88% drawdown!! And an account blow up for me. Stay away from fxprosignals too, they offer the same losing strategy. What's frustrating me to hell is that I watched it unfold and did nothing.
Hi Mt4fx,
Sorry to hear. Many of us have "been there" before and know the pain too well, believe me. We all might like something different and I do subscribe live RobinVol (the service only) not the EA. Give your emotions a break for a while. There are some very good programs going on in several threads. Many threads are also attended to and moderated by the authors of the programs discussed and are always available to help with set up or to answer questions.

Offline 4xplosion

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Re: 4xlounge.com
« Reply #8 on: April 06, 2013, 04:32:02 AM »
Wow...it's amazing that they are still around....tried them over 10 years ago when FPA gave them high reviews....complete waste of time and money back then...and from the reviews here, nothing has changed!

 

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